Nigeria’s President Bola Tinubu engaged in discussions with German Chancellor Olaf Scholz, South Korean President Yoon Suk Yeol, and Indian Prime Minister Narendra Modi during the G20 summit. The meetings were centered on bolstering economic ties with these nations and ensuring the effective implementation of prior agreements.
In his conversation with Chancellor Scholz, President Tinubu emphasized the need to not only design a robust financial framework for an expanded economic partnership, but also to align the perspectives of large-scale German manufacturers with the new incentives provided by Nigeria for their growth across various sectors.
Chancellor Scholz recognized the mutual benefits of deepening economic relations and expressed his intention to visit Nigeria in October to further these initiatives.
During the meeting with President Yoon Suk Yeol of South Korea, Tinubu commended the Korean leader’s regional leadership and highlighted the stability and growth of Nigeria under his administration. He presented proposals to enhance South Korean involvement in Nigeria, emphasizing a comprehensive partnership that encompasses telecommunications, technology, and the oil and gas sectors.
President Yoon expressed interest in Nigeria’s education, technology, and energy industries and pledged to mobilize the South Korean business community to leverage new incentives for local industry in Nigeria.
In his conversation with Indian Prime Minister Narendra Modi, Tinubu praised India’s rapid progress under Modi’s leadership and identified potential collaborations in sectors like agricultural development and ICT innovation. Both leaders expressed commitment to exploring opportunities for cooperation in agriculture, defense industries capacity building, and FinTech growth.
They emphasized the importance of ongoing communication to outline priority areas for enhanced collaboration, particularly in leveraging technologies like the Unified Payments Interface (UPI) for Nigeria’s benefit.